Fertilizer

With the commodity prices inching upward weekly, this has caused a lot of pressure within the fertilizer pricing. The most recent crop reports are stating that the ratio between consumption and what is physically there are tight. This is a good indication that prices may continue to climb within commodity prices. The bad news is that this will remain true with fertilizer prices. We here at Panhandle Coop are advising to take a look at locking in some of your fertilizer needs for 2011. I continue to communicate with all our sales reps daily and they are filled in with the changing industry. We would like to offer the best position for the grower that you can get to make 2011 successful. The formation within the fertilizer industry has changed substantially this year. There are not as many players on the supplier side which puts the suppliers that have the product in a power play position. I would advice everyone to visit with your Panhandle Coop sales rep and visit about some opportunities to lock in some of your 2011 needs in and while doing so, maybe take a look at locking some commodity price in at the same time to help eliminate some of your risk going into next year. At this time there is a good profit opportunity to lock in.